Warren Gorse Mews, Cricklade Street, Cirencester
Cirencester Sales & Lettings are delighted to market this fantastic FREEHOLD investment opportunity consisting of a GROUND FLOOR RETAIL UNIT and TWO BEDROOM APARTMENT above. Sold with an ongoing commercial lease and residential tenant in situ. A rare opportunity in the heart of Cirencester.
Entrance to the two bedroom apartment is via Warrens Gorse Mews in Cricklade Street with stairs leading to the front door.
The Kitchen has a range of wall and base units and laminate worktops, oven and hob with space for washing machine and fridge.
The bright and airy lounge overlooks the mews below and is a generous size.
The Bathroom is fitted with a white bathroom suite with shower over the bath.
Bedroom 1 is a double bedroom and also houses the airing cupboard whilst bedroom 2 is also good size double.
There will be a tenant in situ from the 3rd April 2023 on a 12 month tenancy in the apartment paying £785 pcm.
The ground floor retail unit has been occupied for approximately 10 years and operates as a laundry and dry cleaning business, who are one of the leading dry cleaning services in the region.
Commercial lease details are as follows; term: 5yrs. Signed on 1 July 2019 and due to expire 30 June 2024, this was an extension to a previous 5 year lease so the business will have been present for over 10yr.
Commencement date: 1st July 2019
Passing rent: £1,500 pcm
Rent review: No, set for the term.
Services: None included all chargeable separately. Benefits from electric and water supplies.
Cirencester - known as the capital of the Cotswolds. A beautiful market town with an array of bustling independent shops, cafes, and restaurants. Regular markets held on Mondays, Fridays and Saturdays really do bring the town to life. Kemble train station is about an 11-minute drive away and has great commuter links to London and the Midlands.
Council Tax Band: A (Cotswold District Council)